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30 December 2024 | 4 replies
The quickest way to get a buyer immediately is to list well under market on MLS.
7 February 2025 | 5 replies
I could go on and on, but basically I would love to get any insight into how I should approach this opportunity.
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19 January 2025 | 2 replies
This leads me back to my mother, as she approaches her end years, I hate to think about this, but she wants to leave my sister and I one of the houses I mentioned earlier.
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6 February 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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14 January 2025 | 3 replies
What is your current approach to lead generation?
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31 January 2025 | 27 replies
While analytics tools like RankBreeze and IntelliHost are great, I’ve found that even small tests.. like rotating photos or adjusting captions.. can reveal surprising trends.Your approach to CTR optimization is spot-on, Garrett, and I’m excited to hear how these techniques work for you.
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16 January 2025 | 5 replies
Start by joining local real estate groups, narrowing your approach to strategies like house hacking or multi-family investing, and building a team of professionals like agents and lenders.
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16 January 2025 | 40 replies
So how would you approach the OTA listings from the beginning knowing you planned to sell or transfer management to an operator at some point?
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26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
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28 January 2025 | 8 replies
I noticed that its mostly for fairly large multifamily properties, like 100+ units.All other things being equal, at what property valualtion do you think it starts becoming a more reasonable approach?